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Post by hnwlending on Apr 23, 2024 15:46:19 GMT
We have just released a press release detailing some of the more unusual forms of collateral which have been accepted by HNW Lending over the past 10 years. As well as property and vehicles, this collateral includes jewellery, watches, private jets and yachts, and even a famous guitar. All of our collateral is expertly valued and professionally stored under our care. If we are unable to recover a loan, we can use this collateral to repay our investors. By taking collateral, we are also able to consider a much wider range of borrowers, including those who may be unable to access mainstream credit solutions. You can read more about our collateral here - www.hnwlending.co.uk/press_release |
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scooter
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Post by scooter on Apr 23, 2024 16:09:10 GMT
We have just released a press release detailing some of the more unusual forms of collateral which have been accepted by HNW Lending over the past 10 years. As well as property and vehicles, this collateral includes jewellery, watches, private jets and yachts, and even a famous guitar. All of our collateral is expertly valued and professionally stored under our care. If we are unable to recover a loan, we can use this collateral to repay our investors. By taking collateral, we are also able to consider a much wider range of borrowers, including those who may be unable to access mainstream credit solutions. You can read more about our collateral here - www.hnwlending.co.uk/press_release Hi, I was looking for somewhere to put some money, but I ruled you out on the £5k minimum. £1k maybe, but not £5k. Mind you, if you've read my posts I guess you might want to keep it at £5k. Good luck to you!
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iRobot
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Post by iRobot on Apr 23, 2024 16:33:52 GMT
We have just released a press release detailing some of the more unusual forms of collateral which have been accepted by HNW Lending over the past 10 years. As well as property and vehicles, this collateral includes jewellery, watches, private jets and yachts, and even a famous guitar. All of our collateral is expertly valued and professionally stored under our care. If we are unable to recover a loan, we can use this collateral to repay our investors. By taking collateral, we are also able to consider a much wider range of borrowers, including those who may be unable to access mainstream credit solutions. You can read more about our collateral here - www.hnwlending.co.uk/press_release Do you promise? Reeaalllly promise?? Like... full on, 'pinkie-swear' promise??? Only.... ... for many here, 'the importance of collateral' is to take the lessons learned from CollateralUK's con-job and never be so trusting in future... No aspersions being cast on either the author or HNW but... jeez, that was an unfortunate subject line to choose...
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agent69
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Post by agent69 on Apr 23, 2024 16:51:15 GMT
We have just released a press release detailing some of the more unusual forms of collateral which have been accepted by HNW Lending over the past 10 years. As well as property and vehicles, this collateral includes jewellery, watches, private jets and yachts, and even a famous guitar. All of our collateral is expertly valued and professionally stored under our care. If we are unable to recover a loan, we can use this collateral to repay our investors. By taking collateral, we are also able to consider a much wider range of borrowers, including those who may be unable to access mainstream credit solutions. You can read more about our collateral here - www.hnwlending.co.uk/press_release If every thing in the HNW garden is as rosy as you suggest, why does your website describe your business model as high risk investment? Next thing we know you will be telling us how robust your wind down plan is in the event of platform failure.
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ilmoro
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Post by ilmoro on Apr 23, 2024 17:09:10 GMT
We have just released a press release detailing some of the more unusual forms of collateral which have been accepted by HNW Lending over the past 10 years. As well as property and vehicles, this collateral includes jewellery, watches, private jets and yachts, and even a famous guitar. All of our collateral is expertly valued and professionally stored under our care. If we are unable to recover a loan, we can use this collateral to repay our investors. By taking collateral, we are also able to consider a much wider range of borrowers, including those who may be unable to access mainstream credit solutions. You can read more about our collateral here - www.hnwlending.co.uk/press_release If every thing in the HNW garden is as rosy as you suggest, why does your website describe your business model as high risk investment? Next thing we know you will be telling us how robust your wind down plan is in the event of platform failure. FCA regulatory requirement. Much of the industry doesn't agree with the FCA classification but no statement, no permission.
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agent69
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Post by agent69 on Apr 23, 2024 18:40:54 GMT
If every thing in the HNW garden is as rosy as you suggest, why does your website describe your business model as high risk investment? Next thing we know you will be telling us how robust your wind down plan is in the event of platform failure. FCA regulatory requirement. Much of the industry doesn't agree with the FCA classification but no statement, no permission. So a bit like health warnings on cigarette packets. Everyone knows they are accurate, even though the industry doesn't want to accept them.
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Greenwood2
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Post by Greenwood2 on Apr 24, 2024 4:58:21 GMT
FCA regulatory requirement. Much of the industry doesn't agree with the FCA classification but no statement, no permission. So a bit like health warnings on cigarette packets. Everyone knows they are accurate, even though the industry doesn't want to accept them. More like the 'keep away from heat' on the oven gloves I bought... Edit: Also thought this thread was going to be about what we learned from the Collateral disaster.
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toffeeboy
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Post by toffeeboy on Apr 24, 2024 8:38:21 GMT
We have just released a press release detailing some of the more unusual forms of collateral which have been accepted by HNW Lending over the past 10 years. As well as property and vehicles, this collateral includes jewellery, watches, private jets and yachts, and even a famous guitar. All of our collateral is expertly valued and professionally stored under our care. If we are unable to recover a loan, we can use this collateral to repay our investors. By taking collateral, we are also able to consider a much wider range of borrowers, including those who may be unable to access mainstream credit solutions. You can read more about our collateral here - www.hnwlending.co.uk/press_release I get page not found from your link which isn't a good advert for the site.
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dave4
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Post by dave4 on Apr 24, 2024 8:41:31 GMT
We have just released a press release detailing some of the more unusual forms of collateral which have been accepted by HNW Lending over the past 10 years. As well as property and vehicles, this collateral includes jewellery, watches, private jets and yachts, and even a famous guitar. All of our collateral is expertly valued and professionally stored under our care. If we are unable to recover a loan, we can use this collateral to repay our investors. By taking collateral, we are also able to consider a much wider range of borrowers, including those who may be unable to access mainstream credit solutions. You can read more about our collateral here - www.hnwlending.co.uk/press_release I get page not found from your link which isn't a good advert for the site. Can't find it, apparently it may have been moved.
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cb25
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Post by cb25 on Apr 24, 2024 9:05:48 GMT
I get page not found from your link which isn't a good advert for the site. Can't find it, apparently it may have been moved. Try this
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Post by hnwlending on Apr 24, 2024 18:22:12 GMT
Apologies, the link should work now - someone had accidentally added a space onto the end of the URL - I've now taken it off in the original post but in case it doesn't work just put this into the URL and make sure you don't add a space (ie " ") at the end! www.hnwlending.co.uk/press_releaseAlso to answer an earlier comment in this thread, we have formal RICS Red Book valuations on all properties where the LTV is likely to be over 50% (and most under 50% too). Plus valuations on non-property assets too by experts in their field. And yes in 10 years and 500+ valuations, we've had a few bad ones. Have we lost money as a result of them - maybe about 5 times. But in nearly all those cases (ie all except one) we have successfully sued the valuer and their insurers have stepped in and agreed settlements that means our lenders have received back their capital in full and usually interest as well. Remember, I put my money where my mouth is - I (and/or my other Director) invest in every loan in a subordinate (ie first loss) position. So we lose money before you do. That sharpens the mind and means we generally avoid loans that lose capital or interest. Just look at our outcomes statement: www.hnwlending.co.uk/outcomes%20statement%202023.docxAnd yes with hindsight, the subject line is a bit strange given the demise of Collateral. Apologies. Any Qs, please feel free to email me directly at Ben@HNWLending.co.uk or call me on 07958 636 106 Ben Shaw, CEO |
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Post by overthehill on Apr 24, 2024 21:00:42 GMT
Apologies, the link should work now - someone had accidentally added a space onto the end of the URL - I've now taken it off in the original post but in case it doesn't work just put this into the URL and make sure you don't add a space (ie " ") at the end! www.hnwlending.co.uk/press_releaseAlso to answer an earlier comment in this thread, we have formal RICS Red Book valuations on all properties where the LTV is likely to be over 50% (and most under 50% too). Plus valuations on non-property assets too by experts in their field. And yes in 10 years and 500+ valuations, we've had a few bad ones. Have we lost money as a result of them - maybe about 5 times. But in nearly all those cases (ie all except one) we have successfully sued the valuer and their insurers have stepped in and agreed settlements that means our lenders have received back their capital in full and usually interest as well. Remember, I put my money where my mouth is - I (and/or my other Director) invest in every loan in a subordinate (ie first loss) position. So we lose money before you do. That sharpens the mind and means we generally avoid loans that lose capital or interest. Just look at our outcomes statement: www.hnwlending.co.uk/outcomes%20statement%202023.docxAnd yes with hindsight, the subject line is a bit strange given the demise of Collateral. Apologies. Any Qs, please feel free to email me directly at Ben@HNWLending.co.uk or call me on 07958 636 106 Ben Shaw, CEO
FWIW, my gut instinct with limited dealings tell me HNW Lending is a trustworthy company which has been profitable for its investors. I've only had a couple of loans but I decided a while back 5k per loan is too high for my comfortable minimum diversification level given the recent P2P trends.
HNW also had one of the very early 4thway ratings, unlike the shameful P2P dropouts whose business plans all seemed to include misappropriation of investors funds.
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Post by scepticalinvestor on Apr 26, 2024 11:23:05 GMT
Their outcomes statement gives a total loss figure which seems pretty impressive and (as far as I can understand) considers loss of both capital and interest. At around 0.5%, it looks good! And they’ve been around for donkeys’ years (in P2P terms) so that’s a positive as well.
However, in the outcomes doc they mention an autoinvest rate of 6% (~5.5% net with predicted losses), which is only a smidge above current savings rates available with full FSCS protection.
Overall they seem like a stable, long term business with more skin in the game than the average P2P outfit, so all the best to them!
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Post by Ace on Apr 26, 2024 13:14:44 GMT
Their outcomes statement gives a total loss figure which seems pretty impressive and (as far as I can understand) considers loss of both capital and interest. At around 0.5%, it looks good! And they’ve been around for donkeys’ years (in P2P terms) so that’s a positive as well. However, in the outcomes doc they mention an autoinvest rate of 6% (~5.5% net with predicted losses), which is only a smidge above current savings rates available with full FSCS protection. Overall they seem like a stable, long term business with more skin in the game than the average P2P outfit, so all the best to them! I'm happy enough with my HNW investments. I have a current XIRR of 7.1%, but will be nearer 9% if the accrued interest from my loans in default get paid. I don't use the auto account, but it currently pays 7% and has some pooling protection, so it should return the full 7%. Obviously, no guarantees.
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michaelc
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Post by michaelc on Apr 26, 2024 14:52:45 GMT
Their outcomes statement gives a total loss figure which seems pretty impressive and (as far as I can understand) considers loss of both capital and interest. At around 0.5%, it looks good! And they’ve been around for donkeys’ years (in P2P terms) so that’s a positive as well. However, in the outcomes doc they mention an autoinvest rate of 6% (~5.5% net with predicted losses), which is only a smidge above current savings rates available with full FSCS protection. Overall they seem like a stable, long term business with more skin in the game than the average P2P outfit, so all the best to them! I'm happy enough with my HNW investments. I have a current XIRR of 7.1%, but will be nearer 9% if the accrued interest from my loans in default get paid. I don't use the auto account, but it currently pays 7% and has some pooling protection, so it should return the full 7%. Obviously, no guarantees. Well if the forum is happy with HNW there's surely nothing to worry about right ? 
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